gold-silver-ratio
As You can see an apex which showed bullish absorption was cutted the bearish style, to be tested if it will sustain strength. Now we see a rising wedge with shortening of time in the upper area and no shortening no expension of time at the lower boundaries.
This leads to the conclusion, that gold is sold and silver is bought.
Silver and copper are industrial metals. When they show strength vs. gold the markets are in an early stage of a big trend with a lot of bredth indicators moving to the upside soon.
Note
the converging continued and now it is leaving a small range to the downside after a downside expansion :)
Note
The last move was a wyckoff move C with a lot of volume
Now it's time to go long in stocks. Keep an eye on XLY and XLK. these ones are still a little weak. but all the others are great to go long in stocks. some guys like to go 60 % stocks and 40 % bonds , i would be more bullish -> like 80 % stocks 20 % bonds and 3 months savings in Eur or USD .. or maybe JPY ;)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.